BlackRock joined the charging network's existing shareholders - BMW, Ford, Mercedes-Benz, Volkswagen, Audi, Porsche, Hyundai Motor Group and Kia - in the round.

Ionity, the Germany-headquartered electric vehicle (EV) charging network set up by a range of automotive manufacturers, raised €700m ($786m) today from its existing backers in addition to investment management firm BlackRock.

Founded in 2017 by carmakers BMW, Ford Motor Company, Mercedes-Benz, Volkswagen Group, Audi, Porsche, Hyundai Motor Group and its Kia subsidiary, Ionity oversees a range of EV charging stations spanning highways in 24 countries, facilitating long-range travel.

BlackRock took part in the round through its Global Renewable Power platform…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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